ERO Earnings Prediction
The chart below shows how ERO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ERO sees a +0.13% change in stock price 10 days leading up to the earnings, and a +1.45% change 10 days following the report. On the earnings day itself, the stock moves by -2.42%. This data can give you a slight idea of what to expect for the next quarter's release.
ERO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
124.84M
18.69%
6.62%
Gross Margin
43.02%
27.54%
16.36%
Operating Margin
28.56%
34.97%
137.80%
Net Margin
33.14%
1141.20%
-172.66%
EPS
0.39
1200.00%
-175.00%
No Data Available
ERO Earnings Analysis
Ero Copper Corp. Corporation (ERO.N) Earnings Conference Call
Positive
Copper Production Increase: 1. Increased Copper Production: Ero Copper achieved an 11.9% increase in copper production at Caraíba, producing 9,920 tonnes of copper in concentrate during Q3 2024, driven by higher mine grades.
Cash Cost Reduction: 2. Significant Reduction in Cash Costs: The C1 cash costs for the quarter decreased by 24.5% to $1.63 per pound of copper produced, benefiting from favorable treatment and refining terms and a favorable exchange rate.
Operating Cash Flow Improvement: 3. Strong Operating Cash Flow: The company reported quarterly operating cash flows of $52.7 million, reflecting improved operating margins driven by reduced unit costs and higher realized gold prices.
Gold Production Guidance Update: 4. Gold Production Guidance Reaffirmed: Ero Copper reaffirmed its increased gold production guidance range of 60,000 to 65,000 ounces for the year, maintaining reduced cost guidance for C1 cash costs at $450 to $550 per ounce.
Liquidity Strength: 5. Strong Liquidity Position: Ero Copper's total balance sheet liquidity stood at $125.2 million at the end of the quarter, indicating a robust financial position as production ramps up at Tucumã.
Negative
Production Guidance Revision: 1. Production Guidance Downgrade: Ero Copper revised its full-year copper production guidance for Caraíba to 35,000 to 37,000 tonnes, down from previous expectations due to lower mining rates at Pilar.
Tucumã Copper Production Update: 2. Tucumã Production Shortfall: The company adjusted its full-year copper production guidance for Tucumã to a range of 8,000 to 11,000 tonnes in concentrate, citing power disruptions that limited mill throughput and production.
Production Hurdles: 3. Operational Challenges: The ramp-up of production at Tucumã was hindered by intermittent voltage fluctuations and a severe windstorm, resulting in total mill throughput of only 110,788 tonnes for the quarter, which was below plan.
Contractor Underperformance Impact: 4. Contractor Performance Issues: Underperformance by a third-party contractor at the Pilar mine has delayed underground development rates, impacting the company's ability to access high-grade stopes and affecting production plans into 2025.
Rising Operational Costs: 5. Increased Cash Costs: Despite a decrease in C1 cash costs to $1.63 per pound of copper produced, the company anticipates that the addition of a second mining contractor at Caraíba will lead to increased operational costs in the near term.
ERO FAQs
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ERO Earning Call Sentiment
Ero Copper Corp. (ERO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ERO.N
-6.2%Positive
The earnings call summary indicates strong financial performance with reduced costs, increased operating cash flows, and a solid liquidity position. Despite some operational challenges, optimistic guidance and a focus on operational flexibility are evident. The Q&A section reveals that management is addressing issues and prioritizing debt repayment, with potential future shareholder returns. The market cap suggests a moderate reaction. Overall, the positive financial metrics and strategic responses to challenges suggest a likely positive stock price movement within the next two weeks.
